Halyk Bank buys some of Sberbank subsidiary's loans in Kazakhstan

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A general view of the headquarters of the Halyk Bank in Almaty, Kazakhstan, February 16, 2016. REUTERS/Shamil Zhumatov

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April 13 (Reuters) - Kazakhstan's Halyk Bank (HSBK.KZ) has bought 330 billion Kazakh tenge ($732.1 million) of Sberbank's (SBER.MM) loan portfolio in Kazakhstan, the banks said in a joint statement on Wednesday.

"For clients it will take the form of a painless transfer to another bank. For our partner bank this is an opportunity to increase its loan portfolio.

"We, in turn, will get additional liquidity required to meet the needs of our clients from this deal," Yeldar Tenizbaev, head of Sberbank Kazakhstan, said in the statement.

($1 = 450.75 Kazakh tenge)

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Reporting by Reuters; editing by Jason Neely

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